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a possible recession if the deal on taxes is not reached. investors continued to worry if the u.s. will avoid the dreaded fiscal cliff, let's not point out the most previous minutes. plus retail cannot escape hurricane sandy. sending sales numbers down about 1%. a 4% rise in profits, jumping as much as 32% right now. staples looking good after having higher on all kinds of news. check out what else is soaring today. finally getting an earnings report that people like better-than-expected earnings after the bell yesterday, expected optimistic guidance. the chairman and ceo, 24 hours since those numbers came out, we will ask him if he investors should be expecting more numbers like today and what does he think about the fiscal cliff. what ideas does he have the president right now. and why we dropped 50 points farther from where we were already. down about 78 points, fell 122 down, now it does not look good. why? >> why? i thought maybe you would say something positive. i think we are just dealing with the aftermath of the election. this is not unexpected. it is the same old rhetoric, the same
for them to add that i think is what's a problem for our system. >> was the future for priorities the u.s.a. by the way. what do you imagine doing? >> this is a big team effort. we brought on mary beth and paul and jeff. some of us can't just pull look, we are spending these next days and weeks talking about what happened next force. we built up somewhat of a brand in washington at least and we have a donor base and it doesn't seem like crossroads is going away or the chamber will stop spending money. so we're thinking about what's the best next step. >> so that's the future, is life for the super pacs. they turn into lobbying organizations because they've got all these people. they're being i assume paid enough to pay the rent, and they have a brand. that's exactly what you're hearing from american crossroads. plus the addition that to the extent they're doing this through nonprofits they actually need to lobby to keep their irs status. they have done all this campaign activity and that sec for they need to produce lobbying and noncampaign activity to prove the the iris they aren't just
. that's a solid $50,000 a year. that's also the median income for u.s. households. education and health services, these are important jobs for society. workers there earn an average of $24.28 an hour and also around 50 grand a year. again, if you work fulltime. then there's the very top. those are highly educated, highly skilled and highly motivated. census data show the top 20% making six figures, pulling in almost half of the income in the u.s. for this american recovery to work we need to have a middle, a big, prosperous happy middle. don't you think? it has defined generations of americans. the question is how do we get there? peter morici is a professor of international business at the university of maryland and former director at the u.s. international trade commission and peter navarro is the author of "death by china the "and john doggett is a professor at the university of texas at austin. professors, thanks for joining me. let's get to school. let's get to the lightning round. 25 seconds or less. what is your number one way right now to grow middle class jobs? peter morici, yo
to an extremely urbanid and mobile population. in the u.s., many urban areas are characterized by diverse cultures, which create a rich ethnic mosaic. oufocus is boston, massachuse, part of a megalopolis located on the northeastern seaboa othe iteds. macaciopulio part of a megalopolis locahave taken root in older seainner-city neighborhoods. in recent decades, these neighborhoods deteriorated, with a downward spiral in infrastructure, services and opportunities. bunow stons bouncing back. with a downward spiral we'll see how relative location to the central business district, or cbd, is important to the development of these neighborhoods-- how so much can ride on their being part of federally-funded enterprise zones and how geographic information systems, or gis, can be used in addressing some difficult urban economic and social issues. boston, massachusetts. once a great port, it's now a world leader in high tech, higher education, bmedicine and finance. but like most u.s. cities, boston lost many jobs and middle-class residents to the suburbs. it's a regional problem-- part of the widening gap b
charges and aees to pay the largest single criminal fine in u.s. history. we examine the legal resolution of the gulf coast spill, two years later. >> suarez: science correspondent miles o'brien asks an age old question. why do we sleep? the answer comes from an unlikely underwater source. >> no, you don't need more sleep? you're getting plenty of sleep right? are you getting plenty of sleep? yes. >> brown: china's new leader will head both the communist party and the military. we assess the change at the top in beijing. >> suarez: and we close with the story of volunteers stepping up to help victims of hurricane sandy in the borough of queens in new york. >> there's people who have been without attention for a long time. some with, some without running water. definitely without power. you know, so as time goes, it gets worse. and i'm afraid if we don't like, really get this situation under control. >> brown: that's all ahead on tonight's "newshour." major funding for the pbs newshour has been provided by: ♪ ♪ moving our economy for 160 years. bnsf, the engine that connects us. and b
about the u.s. economy. >> you're watching "worldwide exchange," bringing you business news from around the globe. >>> hello. welcome to today's "worldwide exchange". >> 40 unions in 23 countries. that's the strikes that are planned across europe today. so if you thought there couldn't be any coordination, there is coordination. >> how are we going to be affected? >> you know, air travel, surprisingly, they have had to have a lot of cancelling due to strikes. >> we're fully at our jobs. there's two hours of it today. let's remind you exactly what's coming up. we'll have updates from beijing throughout the program as the new generation takes the first step towards leadership. >> and we're in london. talk to the ceo of wpp, martin sorrel. >> we discuss japanese banks. >> and the latest on cisco from silicon valley as the network equipment maker warns of slowing growth this quarter and some falling demand in europe. >> more than 2,000 delegates have cast their votes for china's new central committee, marking the end of the week long communist party. the world will have to wait one more day
on a takedown of the treasury in the auto bailout. three guys earned $4.2 billion from the u.s. treasury. you remember that from the debate, right? no one asks, no one is answering that begin today, we got the confirmation from the romney campaign. now, what is this all about? and what does it have to do with the congo? i was reporting for bbc television and the guardian. when i found out that someone had figured out how to dip their hands, their claws into the foreign aid fund, the debt relief given to the republic of congo which is suffering a cholera epidemic. this money was intended to be used, $90 million intended to be used to in the cholera epidemic in the congo and yet it was waylaid by a bird of prey, a vulture, a vulture fund, a guide -- managed by a guy named paul singer. is other middle name is elliott. paul elliott singer who has accompanied by a good name of elliott management so i went up the congo river for abc television to find out what happened and i found elliott management had their claws around the cholera of money for the congo. we reported it on bbc television and the
. the u.s. is taking a lot of steps right now to right the ship. labor may be one of them. taxation may be one of them. there are some estimates that we can be energy self-sufficient in the next 30, 40 years, so maybe that helps. this is a very complex issue. it has to be resolved. there has to be a happy medium there. whether or not it is because these ceos are boring abroad for certain things or not, that is up for debate. i'm certainly not one who will take a position on that because i don't know enough about it to make that call. there are a lot of very smart people out there, who we should respect, they are very good at what they do and they are still debating about what the proper solutions to this is. all right now, this is why we're seeing such a huge amount of debate going on in d.c. and in board rooms across the country. washington, d.c. host: there have been reports that secretary geithner will play a role in these talks. guest: the economic team is in place right now. this is obviously a very critical role for the administration and for the american people as a whole. with t
. >> this is "cnn breaking news." >> and we begin with breaking news out of the conflict zone, an attack at the u.s. embassy in tel aviv in israel. details just coming in, but an israeli police spokesman says a security guard at the embassy was attacked with an ax. the attacker reportedly also had a knife on him. we know the attacker has been arrested. when we get more information, we will bring that to you. of course, this is all happening as israel and hamas at the tipping point of all-out war. the israelis carrying out 80 air strikes overnight with hamas fighters launching 95 rockets into israel. 38 more palestinians killed, bringing the death toll since last week to 111. cnn has confirmed secretary of state hillary clinton is heading to israel in the air at this very moment. tomorrow she will meet with prime minister benjamin netanyahu. she'll also visit egypt and the west bank city of ramallah. and while the two sides are trading cease-fire proposals, israel's ambassador tells erin burnett his country is ready to launch a full-scale ground invasion. we talk to our reporter in phnom penh. she's
is talking about. welcome to "the willis report." ♪ ♪ gerri: welcome everybody, i am gerri willis. the u.s. dangling over the fiscal cliff. washington can't get its act together. speaker boehner challenging president obama to lead us. his first comments on the economy sense reelection, he seems emboldened by his reelection. with more on this, chris stirewalt. it is great to have you here. i want to start by talking abut what the president had to say today. he seemed pretty firm on what he said so far about what we need to do with taxes in this country. here is the president. >> i am open to compromise. i am open to new ideas. i am committed to solving our fiscal challenges. but i refuse to accept any approach that is not balanced. i am not going to ask students and seniors and middle-class families to pay down the entire deficit while people like me, making over $250,000 are not asked to pay a dime more in taxes. [applause] gerri: chris, jay carney comes out a few minutes later and he says, well, the president says he will raise taxes on wealthy. so where is the compromise? >> the hope is
messages. last year, you have a press release that said the u.s. has not seen any spillover violence. saying that when we are acknowledging that our law enforcement has been engaged in a gun battle. we have had people killed. narcotics have been caught. that is what is competing this. we need to recognize it for what it is. transnational criminal organizations -- we cannot pursue them across the international border. we will put what ever it takes to defend the sovereignty -- >> he made a point that there was a bill to fund more border patrol agents. i think it is well-known that republicans in washington do not like to spend a lot of money. his comments were that members of your own party do not want to fund this initiative. >> people are tired of blaming parties. >> that is exactly what i just said. [laughter] before you did that, you blamed republicans. [talking over each other] >> i acknowledge that president bush and president obama have increased the number of border patrol. i acknowledge that we have an increase of resources. when you have a disparity of resources in other sta
and length of time in the u.s., you may be eligible for federal benefit programs and it goes through a long lit any and it is long and a lot of money. >> it is unfortunate. immigrants are treasures the arrival of each one makes us more american because it signifies. >> if they are here to work. >> absolutely. it is it the last thing you want to do is offer them hand out to come here. that insures that you get a lower quality person coming here. we want to attract those who want to come here and achieve. >> steve, that is it the problem. i would say the overwhelming number of immigrants come here to work there are some that is drawn like in europe. offering the benefits. and they came just for the benefits. >> yeah, unfortunately john is right. most immigrants want to get ahead as lincoln put it and improve your on lot in life. this is about the citizenry and occupiants of the country, they want to subvert us and make us independent and that means votes for the center. we see what is happening in europe with they do that. >> rick, we have a list of all of those aliens that qualify. lawfully
talk about u.s. links to the drug war and the thing that is so impossible? you have to read it in some specific story and also find a back door, some different way into it. that is always an important piece of the puzzle. >> to look at another aspect of this, and citizens, witnessing with their cameras all over the world, i found myself thinking of those, everyone from folks in syria, in homes, trying to show what they could to focus here in oakland with camera phones, trying to show police misbehaving. someone who wrestled with the question of fact of journalism, how to protect people, whether they are citizens or professional. don't really have a big conversation about that. should there be an international standard of journalistic rights were if you are committing journalism you should be protected? out you protect those folks? >> good luck implementing that law. it is a great question, something journalists struggle with all time with a rise of social media and sites you have started out as a compendium of information, shootings in streets, be heading. started off like a visual wal
is the new big task facing barack obama and the u.s. congress. gridlock over the so-called fiscal cliff. what's the fiscal or better put financial cliff? think of it as a high, steep rock. a ledge the u.s. is teetering on and will plunge over if no action is taken on certain financial matters. what are those? one, the bush era tax cuts. in 2001 and 2003, congress, under president george w. bush, lowered everyone's taxes. but it was only temporary, like 11 years temporary. less than two months from now midnight december 31, taxes go back up. the average household will pay more in taxes each year, $2000 to $3500 more. two, sequestration. what's that? new, big budget cuts. $110 billion in cuts in 2013 alone. they go into effect january 2, and will affect the defense budget and the domestic budget. the cbo, says unemployment could climb up over 9%, pushing the u.s. back into recession. why did this happen? an automatic sequestration or permanent set aside of $1.2 trillion was passed by congress, in order to force congress to compromise and figure out how to cut the budget itself. but, a congressi
about doing this with yemen, too which is of course in an area of the u.s. and saudi arabia to cooperate a lot on counterterrorism, on the gcc initiative to get the power not only the thing is how do you get this desperately poor country running out of everything all but once given the chance to get back on its feet. we are still working together on that. the big issues you to brief the next secretary on our iran sanctions and syria. the imposition of the current set of sanctions wouldn't have been possible without such a deal last november but if the sanctions led to iran losing up to or a little more than half of its oil exports, with saudi arabia be willing to step in and make those exports and i think with a caveat that we probably can't make up all of iran's exports whether it be a mechanism to totally shut them down because that would take the saudi production right up and leave no spare capacity which tends to be a driver for the higher oil prices. so, as the sanctions have come about, we had some bumps in the oil market particularly in the spring in anticipation, but as they've b
covering wal-mart protests in maryland. first though, let's go to steve brown in chicago. steve, the u.s. economy could certainly use a boost of holiday shopping. so what's the outlook? >> well, there are some good signs early. one of them comes from the national association of retailers. now, their projections tend to be pretty conservative. all the same. this organization believes that as far as retailers are concerned, it's going to be a pretty good 2012 holiday shopping season. we expect sales to rise 4% this year a little lower than last year. we really believe that consumers are feeling a lot more confident this year. now if you are looking for a segment to grow even faster than 4 hers projection try online already. ibm research signature it was up 17% on thanksgiving day. 20% already for this holiday shopping season, john? >> it turns out some of those black friday deals are not all they are cracked up to be. >> some of them, according to decide incorporated which part nerd up with a news corps fellow organization the "wall street journal" they took a look at some of these bargain
that sucked up the oxygen. hamas is a group that's recognized as a terrorist organization by the u.s. government, the israeli government and the european union, has increased shelling in areas of israel over recent weeks. they now have shelled tel aviv and 180 missiles went into southern israel. so israel for its own self-defense, its right of self-defense is organizing, rallying more reserve troops, getting ready for more permanent action. it can and should do what's necessary to protect its citizens, which means inflicting damage on hamas. >> heavy damage, deep damage. go as long as it takes. but john, given what you and ambassador williamson just said, where is the white house on this? the best we can find is not a public statement. the best we can find came out of a white house statement. i'll quote, israel has the right to self-defense in light of the rocket attacks. but that's not the president really standing up for israel. this was some white house spokesman echoed by the state department, john. that ain't the kind of support that i'm looking for. >> my information, very fres
relations with the u.s. by closing the suez canal. >> i mean, you're very optimistic to think that this sort of instability in the neighborhood isn't going to spill over. i talked to people about this every day, and i got to tell you, you're alone. >> yes, you can build a model that has this all the way going out to let's say iran and closing the strait of hormuz, but this would take a real series of reactions, one after the other to imagine the supply of oil being reduced as a result of this. it's a very complex model to imagine that. >> do you think, john, perhaps we're not seeing a direct impact in the price of oil, in your view, because we are in supply of oil right now? >> i think the market is fundamentally very bearish right now. in the fourth quarter of this year, where you normally draw world inventories of crude, you are going to build world inventories of crude. right now all the models into next year show a build basically all yearlong. opec is going to meet i think in two three weeks in vienna. i think the idea this is going to be just a cake walk meeting is not necessarily true
to train. specialist nelson is just one of 60 -- 60 u.s. service members who have been killed this year by the afghans that they were sent to train. i don't know where the outrage is by the united states congress. i am very disappointed in both parties, their leadership to allow our young men and women to stay in a war that has no end to it, makes no sense to the american people. in fact, mr. speaker, the american people have said time after time, poll after poll that they want to bring our troops home now, not 2014 but now. on october 7, there was a national article written and the title was "a mother mourns a grim milestone," referring to the 2,000 american casualties from the afghan war. lisa freeman, who was interviewed in the article, who lost her son, captain matthew freeman, in 2009, he was shot by a sniper in afghanistan, ms. freeman said, i just sat here reliving the pain and wondering , where is america's outrage? where is america's concern that we're still at war? and mr. speaker, i made reference to this yesterday. the october 14 "new york times" editorial, and the title, "t
will be the next president. hello and welcome. also coming up in the program, following hard on the heels of the u.s. results, a change in the top in china. what will this mean for the rest of the world? and terrible facts of life for one 15-year-old pakistani girl killed acid by her parents for looking at a boy. hello, it is midday here in london, 6:00 in the morning in madison, wisconsin where president obama is schedule told appear at the start of this, the final day of campaigning, in what's been a grueling and hugely expensive 18 month battle with mitt romney a third of americans have already cast their votes lerl i. both men now have less than 24 hours to convince the undecided in a handful of swing states to come on boards. with the polls pointing to a dead heat, still everything to play for. let's get the latest from my colleague jane hill who joins us live from washington. jane, over to you. >> hello and welcome. the u.s. presidential election campaign has entered its final day with the candidates fighting for every vote in those marginal states which will decide who will spend the next fou
-span2. "communicators" on c-span2. .. >> on the aid of the 2012 election former u.s. representatives talked about competitive u.s. house and senate races around the country. panels includes former representative former chairs of the republican, democratic national committees. from the bipartisan policy center in washington, this is an hour and 20 minutes. [inaudible conversations] [inaudible conversations] >> why don't we go ahead and begin. good morning everybody. i and a senior fellow at the bipartisan policy center and more relevant a former member of congress from the great state of kansas. all of us who are former members think back nostalgically about her last campaign and what it was like and how we relate to these kinds of things personally and i know both tom and martin have great stories to tell and we are fortunate to have too two great, effective and insightful and intelligent former members here and john fortier will moderate this panel and talk about the elections. i just want to make a couple of comments, taking the prerogative of the chair since i did serve in the hou
, go ahead. >> in 2008 the u.s. government was borrowing 20 cents on the dollar and now 40 cents on the dollar just to cover the overhead costs bause they've expanded that much and typically it's 20% of gdp. gary b is right, 24 plus% and growing, it's taking over more of the gdp. therefore you can have the federal government hire everybody, but let's be honest how are you going to pay everybody if you don't have the private sector funding. >> but, also, businesses looking at the expanded debt and they say listen, we know how to do math. and someone's going to pay for it and it's going to be higher taxes and higher taxes is lower profit and that's how it works. >> do you think that caterpillar is making a call based on potential future policy? i think you're short-- what they are saying is foreign governments and their demand is what's falling off right now. the rest of the world is much-- >> right. >> because they were shrinking their economies a little too early in the recession and too quick into austerity and california is america's greatest economy, let's not forget that, muc
than the rest of the world. the u.s. is starting to show good trends. in an area that capital spending might be flat or plus 2%, enterprise is starting to show some signs of coming back outside of europe. commercial marketplace, which is what i watch the most, is also doing okay. so i would assume government's going to continue to be tough, especially the u.s. federal government. public sector around the world, okay. in the u.s., not counting federal. good in asia-pacific. still challenging in europe. >> we're looking at challenges in the u.s., obviously. i want to get your take on what's going on with with taxes and what your expectations are. first off, you've got 87% of total cash held overseas. is that right? >> that is probably pretty accurate. probably in excess of $40 billion. >> what are the pans to repay trait? is it worth taking a tax hit to invest domestically, or it's too expensi expensive, so you leave that money overseas until you see a change in tax code? >> we're at a cross roads. we clearly want to put this money to use in a way that benefits our shareholders. if we be
the u.s., as long as the country continues on its path to democracy. cnn's jessica yellin is traveling with the president. she joins us live from yangon in myanmar. this was a historic visit. what has been the response there. >> hi, john. the response has been very warm. obviously the people we're seeing are people who want to come out and embrace the president's message. but he spoke here in this auditorium, at an historic site, to 1500 students and professionals. people who are pro-democracy, advocates, and regular citizens who just wanted to hear his message. he got a very warm reception here and the white house said that he was moved, as well, by the thousands of people who came out to greet him on the road outside the airport when he arrived. the airport gave an address in which he acknowledged that democracies are sometimes difficult and it's a struggle to get to full freedom. but he said that it is, of course, worth the effort. and he also made clear that it isn't just a visit of goodwill, it also has strategic significance with a message to another nation in the area. listen to
forcefully placed. so everything looked shiny and fine until the u.s. government -- it was in spring of 1997, through madeline albright made the statement at george mason university, well, it looks like sanctions are -- disarmament is going well. if it goes well we can still not lift the sanctions which was a condition under the security council. sanctions -- so we can't lift the sanctions until saddam hussein is removed. so that came my obsession with the regime change. that, of course, destroyed in the sense the institution and operations. so i think that experience -- could havi annan led the group to see if they can re-establish something similar and this report of which has not been very much observed. i think we have ideas for iran. that will give really intrusive inspections. it will give the right for the international community to go where there is concern. not where iran is declaring. but then to pay for that is to lift the sanctions. and then we can have an outcome. and let the iranian people take care of it. it's not for the outside to do the regime change. >> thank you. we'll ta
by hour. we will be discussing this new information later in this hour with john bolton a former u.s. ambassador to the united nations. >> heather: lights are coming on for some in new york city while others are learning it could be weeks before their power is restored. mayor mike bloomberg on the latest recovery efforts and help cannot come soon enough for those living in hard hit areas of staten island. david lee miller is standing by with the very latest. >> reporter: let's start with conflicting information. there are reports at this hour that authorities have stopped the free distribution of free gasoline, gasoline from the department of defense that had been delivered to various parts of new york city by using tanker trucks and first responders were eligible to get that gas. i can tell you that here on staten island there is such a tanker truck and gasoline is being distributed to the general public as well as a separate line for first responders. at least here in staten island, free gasoline is available to the general public. authorities say they have at least 36 hour supply
, not the u.s. government, because i'm about to hammer them. we do not have the kind of leadership that required to have coalitions put together to deal with this situation. it is a soft power or hard power. and it may not happen properly anytime in the near future your remember that caveat. now, the other day i was reading through a book by save the children. it's about the children of syria. and if you haven't read this book and you want to understand what's happening in syria, i recommend you read it. but i assure you, you will feel very uncomfortable on page one. there are costs involved with the situation that could go on for generations, not just for now. generations. think about the children are going through now and how they will think about the west. the international community, their arab brothers, the reins, the russians, the chinese, the united states, and just about everyone else. even if this might be over in the next year or so, it will definitely not be over for those children. thank you. [applause] >> thank you. ambassador? >> i agree with most of what i heard from
of strengthening the u.s./japanese alliance. when it comes to china as the two largest global economies both china and the united states have a responsibility to ensure sustained and balanced economic growth. this is the president's first trip abroad since his re-election. and he's been able to fill in some more details on shifting u.s. economic and security forces toward southeast asia and the pacific. but the visit is overshadowed by other international issues in the spotlight. amongst the asia pacific community, that would be the battle over the south china sea which involves china cambodia and the philippines. while that's one of asia's biggest security issues right now, it's paling in comparison to what's going on in the middle east. fighting between israel and hamas continued again yesterday. the palestinian death toll is now up near 100 and many of those people are civilians. president obama and bill clinton both took to the phones yesterday, speaking with benjamin netanyahu of israel and president mohammed morsi of
to the defense of susan rice, the u.s. ambassador to the united nations, who just a few days after the attack as you recall said violence on the u.s. consulate in benghazi began as a spontaneous protest against an anti-islam film. two top-ranking republicans are vowing to block rice's nomination if she is picked to be the next secretary of state. the president firing back with a rare flash of anger. >> senator mccain and senator graham and others want to go after somebody, they should go after me. >> white house correspondent dan lothian, live from washington this morning. it's really nice to see you, dan. >> good to see you. >> let's first talk about the fiscal cliff. the president said we could see a deal by next week. that may hinge on this issue with taxes. how are republicans responding to the president's remarks? >> well, you know, first of all, there does seem a willingness by republicans to find areas of agreement, to reach a compromise. but they are pushing back on the president's plan because they don't believe that a solution should lie in tax hikes for any americans, including the
right now some of the conventional wisdom says that u.s. ambassador to the u.n. susan rice even though she's embattled over her comments on benghazi, she may be the favorite for that role. so you've got some trial balloons floating around here. we know there are a couple deputies to the secretary of defense who are also being considered for the role. we'll have to wait and see exactly how it plays out. >> all right, brianna keilar, you have a full plate. >> yes. >> thank you very much. >> next hour we'll get reaction to general allen now being tangled in this scandal. nic paton walsh will join us with perspective there. >> and tom fuentes from the fbi will join us to talk about all this. >> then on "starting point," a man whose own sex scandal led to his down fall, former new jersey governor jim mcgreevey. jason chaffetz will way in and debbie wasserman shultz. >> man there is a lot going on today. you might not know this man. his software might be on your computer. john mcafee wanted for questioning now in a murder case. we'll have the details. >> another bizarre one. [ woman ] ring.
petraeus. and it was only yesterday that we learned about iran firing on a u.s. drone. an event that happened days before the election of the timing of that report remains suspicious. we will examine the potential brewing coverup. [ male announcer ] this is steve. he loves risk. but whether he's climbing everest, scuba diving the great barrier reef with sharks, or jumping into the market, he goes with people he trusts, which is why he trades with a company that doesn't nickel and dime him with hidden fees. so he can worry about other things, like what the market is doing and being ready, no matter what happens, which isn't rocket science. it's just common sense, from td ameritrade. whi had[ designer ]eelinge. enough of just covering up my moderate to severe plaque psoriasis. i decided enough is enough. ♪ [ spa lady ] i started enbrel. it's clinically proven to provide clearer skin. [ rv guy ] enbrel may not work for everyone -- and may not clear you completely, but for many, it gets skin clearer fast, within 2 months, and keeps it clearer up to 9 months. [ male announcer ] bec
yesterday that we learned about iran firing on a u.s. drone. an event that happened days before the election of the timing of that report remains suspicious. we will examine the potential christmas was magical? let's get back there. celebrate the arrival of santa at bass pro shops this saturday and the unveiling of santa's wonderland. time passes. hold on to christmas. i'm thinking aboutpgrading... finally! jonathan was fine when you were in your 20s, but he's not right for you. good-bye jonathan and his creepy little girl hands. i meant... [ male announcer ] or choosing a windows 8 device with help from the experts at staples. another way staples and hp make it easier to upgrade. make your windows 8 experience even better with hp. and this week, get $200 off the hp envy dv6 notebook. staples. that was easy. it's the cleanest, clearest water. we fd the best, sweetest crab for red lobster that we can find. [ male announr ] hurry in to rd lobster's crabfest! the only time of year you can savor 5 succulent crab entrees, all under 20 dollars. like a half-pound tender snow crab paired with savory
, this is fascinating. the fiscal cliff issue is a reason for many markets to move in the u.s. it's also big reason in europe and as it overlays several months going back to june with dow jones industrial average, you can see that our market was impacted more by the election but both charts are highly correlated and it's the fact that we are talking potential solutions to our fiscal cliff. melissa lee, back to you. >> thank you very much, rick santelli. just a note here, we're waiting for intel to begin trading again. a delayed open because of news that ceo will be retiring in may. we're awaiting that opening trade. 9:45 eastern time is our latest indication. meantime, will we see a massive correction even if there is a fiscal cliff deal? that's what david shulman is saying. find out why the senior economist is making such a bearish call. brewing job creation. what the folks at sam adams are doing to get food and beverage entrepreneurs a lift. stay tuned. [ male announcer ] introducing the new dell xps 12. part of a whole new line of tablets from dell. it's changing the conversation. ♪ well, havi
. the obama administration saying that china's currency remains significantly undervalued, but the u.s. treasury department is now stopping short of labeling the world's second biggest economy a currency manipulator. the white house is expected now to send the congress a multi-billion-dollar request on the recovery from superstorm sandy. the storm caused an estimated $71 billion in damages in new york and new jersey, and some congressional aides saying the request for funding would likely be at least $11 billion. the move comes as canada gets close to its decision on whether to approve the transaction. the energy companies say discussions with the committee are still in progress, and of course they had to file approval because they have extensive operations in the u.s. gulf of mexico. >>> "the wall street journal" reporting that virtue is emerging as the frontrunner to buy knight capital. they would possibly sell off parts of that business. finally, we can't get away from the story of twinkies. the bakers union of hostess brands wants a bankruptcy judge to appoint a chapter 11 trustee
major powers including the u.s. plus iran that there may be possibly secret bilateral explorations between u.s. and iranian representative just to see what kind of deal is possible. what kind of deal with satisfy the u.s. and israel that iran won't have a bomb and won't have the capability to break out to having one. so that's got to be resolved early in the new year or the u.s. warnings that unless this is resolved, all options are on the table will suddenly become very immediate, as will israel's threat to acting. that's the first thing on my list. i've got a bunch of others. i'd start -- >> let's take that one first. >> we'll stay with that one. richard haass, would you put that on the top of your list? >> for traditional foreign policy challenges, yes. what you want to do is smoke the iranians out. go out with an ambitious negotiating offer and learn one of two things. there is a possibility of an outcome we can live with, or we'll learn there's not, in which case we've got a degree of clarity and then we could face what could be an almost existential choice for us, whether we'
spill in u.s. history. that announcement is where we want to begin with you this morning. what are your thoughts on the record-setting $4.50 million fine and the recovery effort in the gulf. give us a call on the democratic line or the republican line or the independent line. host: you can also catch up with us on all your favorite social media sites on twitter, facebook and email us at journal @c-span.org. a very good morning to you. want to begin as we said with that $4.5 billion fine of b.p. over the oil spill from 2010. here's the front page of the "houston chronicle" this morning. b.p. stock with $4.5 billion fines. the column notes that finally justice for 11 lyes lost. another headline, b.p. pleads guilty, a picture of the deep water horizon rig there from the incident. and want to take you to "the advocate" also in louisiana. oil firm to plead guilty to charges in death. b.p. agrees to pay out $4.5 billion in debt. and a day of reckoning arrives for b.p. on thursday. we'll read you the front page story from the "wall street journal" now. b.p. slapped with record fines. they agre
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